Market today

US Employee - A cog in the machine

The US economy has been generating strong economic growth over the past few years as it has come out of recession. But the little growth which was seen has been shifted into the hands of the average worker, according to new a research from the Economic Policy Institute.
The US has been expanding its economy and productivity from the last five years without considering the factors like hike in wages and unemployment problems. Median family’s average income growth is stagnant in US even if there is high productivity.

The immigration problem may have had a greater effect on the wages of low-skilled workers. US manufacturers reducing their workforce to compete with china’s low priced products has undoubtedly added to the ever increasing unemployment problem.

US must be ready to face the unemployment problem if it ignores the employee growth.

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